Press releases

August 17, 2017

SLAMCI Partners With CTBC Bank For Feeder Fund

In photo from left to right are SLAMCI Head of Bank and Alternative Channels Gerald Bautista, SLAMCI Head of Investor Services & Process Management Rodel Carandang, SLAMCI President Valerie Pama, CTBC Bank Vice President and Trust Officer Dreda Teresa Mendoza, CTBC Bank AVP and Product Services Head Gerardo Bien, and CTBC Bank Senior Manager and Investments and Portfolio Management Head Ray Alejandrino.

 

Clients of CTBC Bank Philippines will soon be able to invest in Philippine Stock Exchange Index names, after CTBC Bank and Sun Life Asset Management Co., Inc. (SLAMCI) inked a partnership for the CTBC-Sun Life Philippine Stock Index Feeder Fund.

 

This paves the way to an affordable and retail investment outlet, where CTBC Bank clients can subscribe to the CTBC-Sun Life Philippine Stock Index Feeder Fund for as low as Php10,000. The said amount makes investment management accounts accessible to more Filipinos, as opposed to the usual minimum which is Php1 million.

 

“SLAMCI is delighted to partner with CTBC Bank in making investing more accessible and convenient for more Filipinos,” SLAMCI President Valerie Pama said. “With CTBC Bank’s 25 retail branches nationwide, this partnership certainly boosts our distribution efforts.”

 

For its part, CTBC Bank stated that the initiative completes the company’s product plate for UITF's from a risk-spectrum point of view. “Feeding into SLAMCI’s Index Fund complements CTBC Bank’s UITF offering, because we can now offer risk-taking clients with an equity fund option,” CTBC Bank Vice President and Trust Officer Dreda Teresa Mendoza. 

 

This was seconded by CTBC Bank AVP and Product Services Head Gerardo Bien. “The CTBC Bank-Sun Life Philippine Stock Index Fund is ideal for our retail clients who are looking for an alternative outlet that mirrors the PSEi and are aiming for longer capital growth without the hassle of analyzing and monitoring each stock,” he said. “This is also for clients who are willing to take certain risks in order to avail of the potential higher investment returns offered by the equities market.”

 

With the PSEi recently reaching 8,000 levels, it is indeed a good time to be investing, according to Sun Life Chief Investments Officer Michael Enriquez. “We continue to be bullish on the long term prospects for the Philippine economy, as the government focuses on their aggressive infrastructure program for capacity expansion,” he explained. “We expect the passage of the tax reform package to be a near-term catalyst for the equity market to finally breach the PSEi’s all-time index level of 8,127.48 last April 2015.”